HONG KONG, CHINA - Media OutReach - May 29, 2017 -Arrow Electronics, Inc., (NYSE: ARW) today
announced its collaboration with AIRmaker, a Singapore-based Internet of Things
(IoT) accelerator, to support AIRmaker's goals of helping startups achieve
their business objectives. As a technology advisor, Arrow will help AIRmaker
program startups become more effective and productive in their idea-to-impact
product journey through overcoming technical challenges and gaining critical
IoT technology know-how, to turn a design into a product ready to be
manufactured.

Arrow eVolve IoT Framework

Asia Pacific
is set to be at the forefront of IoT, with the number of connected devices
expected to increase from 3.1 billion to 8.6 billion by 2020, creating a US$583
billion market opportunity, according to IDC. Another
study conducted by Telenor
Group which surveyed technology enthusiasts in Asia revealed that more than
a third (38 percent) are most likely to create an IoT startup this year, the
highest percentage among other startup trends. This presents an opportunity for
Arrow and AIRmaker to grow its business offerings in the IoT startup area in
Asia Pacific.

As part
of this collaboration, Arrow will provide AIRmaker's program participants online
and offline end-to-end technology, design-to-manufacturing expertise, and
support at overcoming technical challenges. This includes a complete range of
collaborative online e-tools, and one of the world's largest online databases
of reference designs and component information via Arrow's e-commerce site. Startups
will also gain access to Arrow's professional advice and technical counsel throughout
the development cycle from formulation and proof-of-design concept, component
sourcing, rapid prototyping, and testing to system integration and
pre-manufacturing verification.

"We are
confident that our collaboration with Arrow will bring value-add to our
business framework and processes and we are excited to see the transformation
it will bring to our program participants", said Kwai Seng Lee, managing director,
AIRmaker. "Arrow provides industry-leading end-to-end IoT capabilities and
offerings that help startups navigate via the IoT maze and accelerate their design-to-manufacturing
journey, which is the exact kind of support IoT startups are looking for."

Aerspace,
a Singapore-based startup that specializes in motion analytics, solving patient
falls in hospitals and nursing homes with an IoT wearable device, completed AIRmaker's
program last year. "As a tech startup,
we are constantly under pressure for speed, resources and delivering the best
possible quality product," said Edwin Koh, co-founder, Aerspace. "Arrow has been a tremendous help with their
comprehensive technology portfolio and technical know-how, from hardware
components selection to wireless connectivity to system integration. Their IoT expertise has enabled us to
accelerate our product development phase to reach a manufacturing-ready stage."

"The IoT
startup scene is gaining a lot of momentum in the Asia-Pacific region, and
Arrow is dedicated to assisting IoT startups in removing key barriers and
connecting them with the ecosystem players to help guide them along the road to
innovation entrepreneurship and social impact," said Esmond Wong, vice president
of Supplier Marketing, Semiconductor for Arrow's components business in the
Asia-Pacific region. "AIRmaker leads a vibrant and innovative IoT startup
community, and we are confident that this collaboration can help increase the
success rate of their accelerator program."

As the
only global technology company capable of providing comprehensive, sensor-to-sunset
full IoT product lifecycle solutions, Arrow is uniquely positioned to guide the
biggest names in technology, and startups and makers alike, along their IoT
production journey.For many years, Arrow has been supplying many
of the key components of an IoT infrastructure, including sensors, low-power
microcontrollers, wireless connectivity systems, network protocols, gateways,
operating systems, security solutions, big data platform management systems, cloud
solutions, and tools for device management and data analysis.

About Arrow Electronics Arrow Electronics is a global provider of
products, services and solutions to industrial and commercial users of
electronic components and enterprise computing solutions. Arrow serves as a
supply channel partner for more than 125,000 original equipment manufacturers,
contract manufacturers and commercial customers through a global network of
more than 465 locations serving over 90 countries. Learn more at www.fiveyearsout.com.

About AIRmaker
AIRmaker is an IoT-focused accelerator for digital health and smart cities
startups. It aims at driving growth of startups through their various stages of
development. In addition to its structured programs, AIRmaker leverages the
network and ecosystem of its founding partners including Ascendas-Singbridge,
SGInnovate, and Runyang Group to help the startups propel their business growth.
For more information, visit http://www.airmaker.sg/en/.